Meats Futures Prices
Sun, Dec 4th, 2016
[[ timeframe ]] futures price quotes as of Sun, Dec 4th, 2016.
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Lean hogs settled Friday trade mixed with Dec16 up 52.5 cents, and April 17 contract 30 cents lower. Dec futures ended the week 30 cents lower. The CME Lean Hog Index continues to climb. It is up 58 cents, to $48.80. USDA's weighted average pork carcass cutout lost $1.06 on Friday. Butts were the only cut with a higher average day/day. Cash hog base prices were 77 cents higher on average with a range $42.50 to $48.50 reported. Weekly FI slaughter including estimates for Saturday was 2.54 million head vs. 2.423 million head a year ago. Managed money accounts had a slightly larger net long position in lean hogs on Tuesday than they reported a week earlier. Dec 16 Hogs settled at $50.750, up $0.525, Feb 17 Hogs settled at $54.025, down $0.050 Apr 17 Hogs settled at $60.150, down $0.300
Live cattle futures were sharply lower on Friday with most contracts losing more than $2. Dec16 was down 2.28% on the week. December options expired today. Feeders were mostly $2.725 to $3.175 lower, and January lost 2.06% from last Friday's close. The CME Feeder Index for 12/1 was $131.04, up 54 cents. Cash cattle trade reported on Friday was all at $114 with a few dressed sales reported at $175. Wholesale beef prices were lower on Friday with choice down 79 cents and select down 23 cents. Weekly slaughter including Saturday estimates is 616,000 head, which is 60,000 head larger than the same period last year. Weekly CFTC data showed managed money accounts adding another 18.9% to their net long position in cattle futures and options during the week ending Tuesday 11/29. Dec 16 Cattle settled at $108.225, down $2.350, Feb 17 Cattle settled at $108.875, down $2.500, Apr 17 Cattle settled at $109.050, down $2.175, Jan 17 Feeder Cattle settled at $124.600, down $3.175 Mar 17 Feeder Cattle settled at $121.525, down $2.725 Apr 17 Feeder Cattle settled at $121.250, down $2.775